Reuters UK Business

By Miranda Murray and Nick Carey BERLIN (Reuters) -Daimler Truck on Friday raised its dividend and announced a share buyback program after posting better-than-expected pre-tax 2023 earnings, sending its shares up 13% as it predicted 2024 earnings well above analyst forecasts. The German truck maker said it would buy back 2 billion euros ($2.16 billion) …

Daimler Truck shares jump on investor cash haul and ’24 earnings outlook Read More »

MADRID (Reuters) -Zara owner Inditex said on Friday it planned to gradually reopen stores in Ukraine from April 1, citing improved local market circumstances. The world’s largest listed fast fashion company by sales said it planned to reopen its first 20 stores in Ukraine, three of them under the Zara brand and resume online sales. …

Zara owner Inditex to gradually reopen stores in Ukraine from April 1 Read More »

LONDON (Reuters) – Euro zone manufacturing activity continued to contract last month amid weak demand although firms were optimistic about the year ahead, a survey showed on Friday. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dipped to 46.5 in February from January’s 46.6, beating a preliminary estimate of 46.1 …

Euro zone Feb factory activity contracted for 20th month, PMI shows Read More »

BERLIN (Reuters) – The downturn in Germany’s manufacturing sector deepened in February as output and new orders declined at a faster rate, a survey showed on Friday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing fell to 42.5 in February from 45.5 in January, ending a six-month run of steady increases that nonetheless …

German manufacturing downturn deepens in February, PMI shows Read More »

DUBLIN (Reuters) – Ryanair will carry 198 million to 200 million passengers in the financial year from April versus the 205 million previously forecast, after announcing cuts to its summer schedule on Friday due to Boeing delivery delays. The company was due to receive 57 Boeing MAX 8200 planes by the end of April, but …

Ryanair cuts traffic forecast as Boeing MAX delays hit summer plans Read More »

COPENHAGEN (Reuters) – Norway’s Equinor said on Friday it had secured 15 new helicopters through contracts with helicopter manufacturers Bell and Leonardo, with first deliveries expected next year. Norway on Thursday halted all helicopter traffic to its offshore oil and gas fields after a deadly crash, and said it was considering grounding Sikorsky’s S-92A aircraft …

Equinor secures 15 new helicopters Read More »

By John Revill ZURICH (Reuters) – Thomas Jordan, who is stepping down as chairman of the Swiss National Bank, has been no stranger to crises during his 12-year stint running the institution. Viewed widely as the epitome of a diligent technocrat, the Harvard-educated economics professor was not afraid to take big and sometimes unpopular decisions. …

Thomas Jordan: the technocrat central banker who made the big decisions Read More »

(Reuters) -Dell Technologies beat Wall Street estimates for fourth-quarter revenue and profit on Thursday helped by demand for its AI servers, sending its shares up 19% in after hours trading. The PC market is showing signs of green shoots following a slowdown in revenue that began in 2022 from the peaks touched during the pandemic, …

Dell beats fourth-quarter estimates on AI server demand Read More »

By Matteo Allievi and Natalia Siniawski (Reuters) – Spanish steelmaker Acerinox said on Thursday it expects demand for steel to start recovering in coming months after its net profit more than halved last year. Net profit fell 68% to 228 million euros ($246.31 million) in 2023 after rising to record levels in 2021 and 2022 …

Acerinox sees steel market improving after 2023 profit more than halves Read More »

ROME (Reuters) -Italy’s data protection authority on Thursday fined a unit of the country’s largest utility Enel more than 79 million euros ($85 million), accusing it of mishandling customers’ personal data for telemarketing. The authority, known as the Garante, said in a statement that Enel Energia allegedly used the personal data of customers in connection …

Italy regulator fines Enel unit 79 million euros for telemarketing abuses Read More »